| | Per Share and Related Warrant | | | Per Prefunded Warrant | | | Total | |
Offering price | | | $1.385 | | | $1.375 | | | $8,951,518.13 |
Placement Agent Fees(1) | | | $0.097 | | | $0.097 | | | $630,000.01 |
Proceeds to us, before expenses(2) | | | $1.288 | | | $1.278 | | | $8,321,518.12 |
(1) | Includes a cash fee of 7.0% of the gross proceeds of this offering. We have also agreed to issue to the placement agent (or its designees) warrants to purchase shares of common stock to the placement agent as described under “Plan of Distribution” on page S-21 of this prospectus supplement and pay the placement agent a reimbursement for non-accountable expenses equal to $50,000, a reimbursement for legal fees and expenses of the placement agent in the amount of $150,000 and $15,950 for clearing fees. For additional information about the compensation paid to the placement agent, see “Plan of Distribution.” |
(2) | The amount of the offering proceeds to us presented in this table does not give effect to any exercise of the warrants being issued in this offering. |